Commodity Market: Pivot Levels for Monday (May 1st 2017)

May 1, 2017 7:31 am

Silver (SI) for July delivery (1 Troy Ounce)

R1 – $17.286
R2 – $17.310
R3 (Range Resistance – Sell) – $17.334
R4 (Long Breakout) – $17.405
R5 (Breakout Target 1) – $17.489
R6 (Breakout Target 2) – $17.523

S1 – $17.238
S2 – $17.214
S3 (Range Support – Buy) – $17.191
S4 (Short Breakout) – $17.119
S5 (Breakout Target 1) – $17.035
S6 (Breakout Target 2) – $17.001

Copper (HG) for July delivery (1 Pound)

R1 – $2.6101
R2 – $2.6127
R3 (Range Resistance – Sell) – $2.6153
R4 (Long Breakout) – $2.6232
R5 (Breakout Target 1) – $2.6323
R6 (Breakout Target 2) – $2.6362

S1 – $2.6049
S2 – $2.6023
S3 (Range Support – Buy) – $2.5997
S4 (Short Breakout) – $2.5918
S5 (Breakout Target 1) – $2.5827
S6 (Breakout Target 2) – $2.5788

Soybeans (ZS) for July delivery (in US cents per 1 Bushel)

R1 – 956.8
R2 – 957.3
R3 (Range Resistance – Sell) – 957.9
R4 (Long Breakout) – 959.5
R5 (Breakout Target 1) – 961.4
R6 (Breakout Target 2) – 962.2

S1 – 955.7
S2 – 955.1
S3 (Range Support – Buy) – 954.6
S4 (Short Breakout) – 952.9
S5 (Breakout Target 1) – 951.0
S6 (Breakout Target 2) – 950.2

Corn (ZC) for July delivery (in US cents per 1 Bushel)

R1 – 366.9
R2 – 367.4
R3 (Range Resistance – Sell) – 367.9
R4 (Long Breakout) – 369.5
R5 (Breakout Target 1) – 371.3
R6 (Breakout Target 2) – 372.0

S1 – 365.9
S2 – 365.4
S3 (Range Support – Buy) – 364.9
S4 (Short Breakout) – 363.3
S5 (Breakout Target 1) – 361.5
S6 (Breakout Target 2) – 360.8

Chicago Soft Red Winter Wheat (SRW) for July delivery (in US cents per 1 Bushel)

R1 – 432.7
R2 – 433.1
R3 (Range Resistance – Sell) – 433.6
R4 (Long Breakout) – 435.0
R5 (Breakout Target 1) – 436.6
R6 (Breakout Target 2) – 437.2

S1 – 431.7
S2 – 431.3
S3 (Range Support – Buy) – 430.8
S4 (Short Breakout) – 429.5
S5 (Breakout Target 1) – 427.8
S6 (Breakout Target 2) – 427.2

Natural Gas (NG) for June delivery (1 Mmbtu)

R1 – $3.282
R2 – $3.289
R3 (Range Resistance – Sell) – $3.295
R4 (Long Breakout) – $3.314
R5 (Breakout Target 1) – $3.336
R6 (Breakout Target 2) – $3.346

S1 – $3.270
S2 – $3.263
S3 (Range Support – Buy) – $3.257
S4 (Short Breakout) – $3.238
S5 (Breakout Target 1) – $3.216
S6 (Breakout Target 2) – $3.206

Crude Oil (CL) for June delivery (1 Barrel)

R1 – $49.42
R2 – $49.51
R3 (Range Resistance – Sell) – $49.59
R4 (Long Breakout) – $49.86
R5 (Breakout Target 1) – $50.17
R6 (Breakout Target 2) – $50.30

S1 – $49.24
S2 – $49.15
S3 (Range Support – Buy) – $49.07
S4 (Short Breakout) – $48.80
S5 (Breakout Target 1) – $48.49
S6 (Breakout Target 2) – $48.36

Where to Trade

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